Question

Q. 2 State Ture or False:
a) Double entry system most widely used
b) Expenditure is the amount spent or liability incurred for acquiring assets, goods and services.
c) There are three bases of accounting.
d) The advanced received showed be treated as liability.
e) Pay-in-slip is a voucher for having deposits made in the bank.​

Answer 1

Answer:

TFFT

Explanation:

) Double entry system most widely used

b) Expenditure is the amount spent or liability incurred for acquiring assets, goods and services.

c) There are three bases of accounting.

d) The advanced received showed be treated as liability.

e) Pay-in-slip is a voucher for having deposits made in the bank.

Answer 2

Answer:

1. T
2. F
3. F
4. T

Explanation:

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